DOES THE WEST RESENT INDIA'S RISE

By: Shweta Punj, Deputy Editor at moneycontrol.com

Insightful conversation with @salvatorebabones - in which he says that India can become an upper middle income country by focusing on increasing productivity in agriculture. He also told me that the optimists driven by the facts on the India story while the naysayers are driven by ‘feelings’.

His prescription for growth is not to rely on exports but to make a big effort to increase productivity. To shift from production of wheat and rice to higher value products such as edible oils. He also explained that India’s currency is slightly undervalued and that has helped India. Moreover, he said that the jibe by George Soros is likely to turn into advantage Modi. Listen in if you want to make sense of the narrative emerging from the west.

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